Slide 1: The Fondaway Canyon Gold Project, Nevada – 2025 Drill Program
The Fondaway Canyon Gold Project, Nevada 2025 Drill Program Working to Make a Great Project Greater August 2025 CSE: GTCH OTCQB: GGLDF FWB: GGA1
Slide 2: Foundational Value with Excellent Growth Potential
Fondaway Canyon Gold Project Foundational Value with Excellent Growth Potential Evident Value Large Mineral Resource Estimate (Sept. 2024) Robust Preliminary Assessment (Feb. 2025) Top Mining Jurisdiction Strong Gold Market Upside Potential 2025 Drill Program to Expand Mineralization Roo
Slide 3: Capital Structure and Management & Board
Capital Structure Management & Board SHARES OUTSTANDING: 189.6 M MIKE SIEB, President A senior executive with over 30 years of strong corporate and MARKET CAP: $57 M project management experience in international mining and exploration across multiple commodities and jurisdictions. During WARRANTS:
Slide 4: Nevada: World-Class Gold Mining Jurisdiction
Nevada: World-Class Gold Mining Jurisdiction Nevada: Impressive Gold Stats 22 major gold mines Ranked 8th in the world for gold production 4.0 M oz of gold produced annually valued at ~USD 12 billion (at today’s gold price) Consistently Ranked as One of the Top Mining Jurisdictions in the World Prod
Slide 5: Excellent Location (Road Access, Resources, and Jurisdiction)
Fondaway Canyon Excellent Location (Road Access, Resources, and Jurisdiction) 100% Ownership Fallon Field Office and Core Logging Facility 170 km (105 miles) East of Reno 5
Slide 6: 40+ Years of Exploration and Mining
Fondaway Canyon 40+ Years of Exploration and Mining Laying the Groundwork for Recent Major Discoveries Road Building Drilling Mining Main Pit Vat Crusher Leach Heap Leach Pad UG Exploration Half Moon Zone Portal 6
Slide 7: Claims and Gold Corridor
Fondaway Canyon – Claims and Gold Corridor Gold mineralization traced for: 4 km along strike, 1 km wide, and 1 km vertical extent Strong and extensive mineralizing system that remains open and underexplored US Federal government ratifies County Lands Bill and opens additional area for exploration an
Slide 8: 2024 Recently Updated Mineral Resource Estimate
Fondaway Canyon 2024 Recently Updated Mineral Resource Estimate* Gold mineralization OPEN for further expansion in most directions along strike and dip Excellent gold grade Consistent and thick body of mineralization Significant oxide component * Refer to appendix for additional details and
Slide 9: 2025 Preliminary Economic Assessment (PEA)
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) The PEA was published in February 2025 The PEA contemplates a conventional open pit mining and milling operation The scope of the PEA was limited to the open pit mineral resource in the Central Area Representing only 65% of the min
Slide 10: 2025 PEA: Conventional Open Pit Mining and Milling Operation
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Conventional Open Pit Mining and Milling Operation The 2025 PEA outlines an open pit mining and conventional 8,000 tonne per day (“tpd”) milling operation with an initial planned 10.5 year mine life The PEA contemplates the production
Slide 11: 2025 PEA: Robust Production Profile
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Robust Production Profile 1.23 million ounces gold recovered over a 10.5 life of mine (“LOM”) 117,300 ounces average annual gold production LOM strip ratio of 4.7 to 1 1.50 g/t Au (0.048 oz/tonne) mined grade 84% gold recovery to
Slide 12: 2025 PEA: Economic Parameters
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Table 1: Economic Parameters (USD) Key Assumptions Base Case Gold Price $2,250/oz Production Profile Total Tonnes Processed (mt) 30.3 Total Tonnes Waste (mt) 143.4 Strip Ratio 4.7 Mill Feed Grade 1.50 g/t Au Mine Life 10.5 years Throughput
Slide 13: 2025 PEA: Strong Project Economics
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Strong Project Economics Table 2: Project Economics Summary (USD) Pre-Tax $2,250/oz Gold Price $2,500/oz Gold Price Pre-Tax After-Tax Pre-Tax After-Tax $546 million pre-tax NPV10% NPV5% ($M) $ 761 $ 668 $ 990 $ 849 51.2% pre-tax IRR NP
Slide 14: 2025 PEA: Excellent Cost Profile
Fondaway Canyon 2025 Preliminary Economic Assessment (“PEA”) Excellent Cost Profile Table 4: Order of Magnitude Capital Cost Estimate Capital Costs US$M $226.5 million initial capital expenditure Process Capital Cost Mine Model $ 131.7 (includes 20% contingency) Preproduction and Facilities $ 57.0
Slide 15: The Road Map to Make a Great Project Greater
The Fondaway Canyon Gold Project, Nevada The Road Map to Make a Great Project Greater
Slide 16: Central Area Upside Potential – Mineral Resource
Fondaway Canyon Central Area Upside Potential – Mineral Resource Two Major Discoveries All Drill Holes Colorado SW Zone Intersected Substantial FCG21-08: Gold Mineralization 1.4 g/t Au over 203.9m North Fork Zone FCG22-17: 3.8 g/t Au over 85.9m High Confidence for Additional Discoveries 16
Slide 17: 2024 Colorado SW MRE 3D Gold Grade Block Model
2024 Colorado SW MRE 3D Gold Grade Block Model (Looking NW) The Colorado SW gold Gold Mineralization mineralization reveals at Surface excellent continuity Has been traced over 550 metres down-dip from surface Remains OPEN along strike and dip Fondaway Canyon MRE 3D gold grade block model sliced thr
Slide 18: 2024 North Fork MRE 3D Gold Grade Block Model
2024 North Fork MRE 3D Gold Grade Block Model (Looking NW) Excellent continuity of mineralization traced 500m down-dip from surface Hole FC17-05 intersected 2.5 g/t Au over 23.8m and ended in mineralization providing strong indication for the continuation of gold mineralization beyond the curren
Slide 19: North Fork Gold Zone - Near Surface High Grade
North Fork Gold Zone - Near Surface High Grade Discovered the highest ‘grade x thickness’ drill intercepts in the 40-year history of the Project Higher grade zones appear less constrained and reveals the potential thicker and deeper roots of the mineralizing system High grade gold intervals are indi
Slide 20: Central Area Upside Potential – Mineral Resource
Fondaway Canyon Central Area Upside Potential – Mineral Resource The mineral resource remains open in most directions An initial 10-hole, 3,000m (10,000 ft), drill program has been designed to further extend the mineralization, along strike and dip The intent is to increase the mineral resource, enl
Slide 21: Metallurgical Studies
Fondaway Canyon Metallurgical Studies 1988-2017: Metallurgical testing of the mineralized material at Fondaway Canyon conducted by reputable labs. 2024: In support of the PEA, the metallurgical studies reported a marketable concentrate and highly satisfactory gold recoveries of 84%. Additionally, pr
Slide 22: Gold Price is Now Markedly Higher
Gold Price Gold Price is Now Markedly Higher US$1,950 gold price US$2,250 gold price Gold spot price is Higher gold price underpins the 2024 underpins the 2025 significantly higher Mineral Resource Preliminary Economic than underlying basis directly improves Estimate Assessment for valuation economi
Slide 23: 2025 – 2026 Steps to Increase Value
Fondaway Canyon 2025 – 2026 Steps to Increase Value Drill Program Objective: to extend mineralization and increase the resource Metallurgical Studies Objective: to increase gold recoveries and upgrade the concentrate 2026-Q1 Revise Mineral Resource Estimate 2026-Q2 Update Preliminary Economi
Slide 24: Fondaway Canyon Gold Project – Contact us
FONDAWAY CANYON GOLD PROJECT An Advanced Exploration Stage Project That Continues to Impress Contact us: Karen Mate, Corporate Communications Main Office: (416) 230-6454 +1 647 249 4798 kmate@capitalmarketsadvisory.ca info@getchellgold.com www.getchellgold.com CSE: GTCH FWB: GGA1 OTCQB: GGLDF
Slide 25: Forward Looking Statements
Forward Looking Statements Certain of the statements made and information contained herein are “forward-looking information”. These statements relate to future events or the Company's future performance. Statements, other than statements of historical fact, may be forward-looking statements. General
Slide 26: Mineral Resource Estimate Notes
Fondaway Canyon Mineral Resource Estimate Notes 1. The independent and qualified person for the mineral resource estimate, as defined by NI 43-101, is Michael Dufresne, P.Geol., P.Geo., from APEX Geoscience Ltd. 2. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic
Slide 27: Preliminary Economic Assessment Notes
Fondaway Canyon Preliminary Economic Assessment Notes The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no c
Slide 28: Appendix
APPENDIX 28
Slide 29: 2024 Mineral Resource Estimate Tables
Fondaway Canyon 2024 Mineral Resource Estimate Tables 29
Slide 30: Drilling Highlights
Au Interval | From To DrillHole | (74) (m) (m) (m) FCG20-02 including Au Interval (g/t) (m) (m) (m) 10.6 87.0 15.3 d 1.4 10.2 104.9 115.1 56.6 FCG22-21 74.3 FCG22-26 1.8 29.4 108.3 137.7 83.8 FCG22-27 29.9 FCG22-28 0.8 98.0 182.5 280.5 58.0 Drill Hole Drill Hole FCG20-02 FCG20-03 FCG20-05 FCG20-06 F
Slide 31: Drilling Highlights
Drill Hole Drill Hole Interval FCG20-04 including FCG22-19 including FCG22-22 FCG21-10 including including FCG21-16 including including FCG22-17 including including including FCG22-23 FCG22-25 including FCG22-18 including including Drill Hole FCG20-04 CSE: GTCH OTCQB: GGLDF FWB: GGA1
Slide 32: Capital Structure (as at Aug. 12, 2025)
Capital Structure (as at Aug. 12, 2025) 32